Glencore PLC, one of the world’s largest industrial cobalt producers, announces that it is to join the Responsible Sourcing Blockchain Network (RSBN). RSBN is an industry collaboration utilising blockchain technology to support responsible sourcing and production practices from mine to market. With members spanning downstream auto brands, refiners and miners, the network’s blockchain has moved beyond proof of concept and is on track to become commercially operational by spring 2020.
Demonstrating its commitment to good practice, membership of RSBN will enable Glencore to deliver improved supply chain traceability and transparency and integrate good practice with its supply chain partners.
Glencore has begun the onboarding process to obtain full RSBN membership by the end of February 2020. The initial focus of Glencore’s participation will be on cobalt. Glencore’s diversified mining, processing and trading operations across the world will support the network’s expansion to cover other battery metals as well as metals including tin, tantalum, tungsten and gold (known as 3TG) in 2020.
RSBN is designed to be adopted across industries by original equipment manufacturers (OEMs) in automotive, electronics, aerospace and defence as well as their supply chain partners such as mining companies and battery manufacturers.